'The insane reality is that whilst billions face a daily struggle to survive during this pandemic, billionaire wealth is spiraling out of control. This cannot be right.'
of wealth inequality—which has only gotten worse during the ongoing Covid-19 crisis.
Chuck Collins, co-author of the new report and director of the Program on Inequality and the Common Good at IPS, said Tuesday that"wealth inequality has been supercharged by the pandemic, creating an unprecedented global concentration of wealth and power." In the United States alone, the new report notes, there are over 1.43 million individuals with fortunes of $5 million or more and 740 billionaires with combined wealth totaling $5.1 trillion—up roughly $2 trillion since the start of the coronavirus pandemic.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Hochul’s Budget Would Allow NYC Casinos, Give Health Workers A BonusAllowing casinos in New York City, boosting education and healthcare spending, and tax cuts that can help shape a campaign message in an election year. Here's a look at what was — and wasn't — in Governor Hochul's proposed $216 billion state budget.
Baca lebih lajut »
How Kevin Durant’s unlikely friendship with Rich Kleiman spawned a billion dollar businessRich Kleiman was on the phone with the top Knicks’ decision-makers pitching his case for the team’s point guard rotation.
Baca lebih lajut »
Extreme inequality kills one person every four seconds: OxfamWorld’s ten richest men, including Elon Musk and Jeff Bezos, made $1.3 billion a day during Covid-19 pandemic while 160 million more people fell into poverty.
Baca lebih lajut »
Inside the toxic world of Britney Spears' family from freeze outs to fall outsFollowing her little sister releasing a tell-all memoir, Britney Spears has found her family feuds and strained relationships with her relatives pushed into the spotlight once again
Baca lebih lajut »
Microsoft buys Activision Blizzard for $68.7B, company behind Call of Duty, Candy CrushMicrosoft is buying Activision Blizzard in a $68.7 billion mega-deal, allowing the company to accelerate mobile gaming and provide building blocks for the metaverse.
Baca lebih lajut »
Hospital Mergers Just Keep Getting BiggerConsolidation of hospitals slowed a bit last year but the size of the deals was of the “mega-merger” variety in which even the seller had $1 billion in annual revenues, a new analysis shows.
Baca lebih lajut »